homeowners to stake h on theiramp ma -- homeowners who stay close to their hamp modification will get benefits. there is time for the employment situation or other hardships in that family circumstance to improve and certainly over 60% of homeowners in hamp modification have lost a job or had a loss of wages. >> thank you. >> thank you as i stated in my opening, treasury often in its defense of hamp in defense of to non-cess, referred no ton hamp modifications. it is positive that these borrowers are not in foreclosure, the question remains on sustainability of the proprietary modifications of whether homeowners are better off. the occ and ots reports notwithstanding, we note -- we need to know this is a the terms of these perspiratory modifications to prepare -- to compare among servicers. well treasury be providing additional data with respect non-hamp mods? >> this is something we have discussed and we spend time thinking about within treasury. in terms h of theamp contract to services, our contractual relationship with services goes to the modifications where we are paying tax the

what a $600,000 homeowner would pay. we as a people benefit. tézwould your cheaper? would you see eggs being cheaper? we d.ú"g produce cheaper? where is the money going? "!they're saving hundreds of thousands of dollarsu7 of propy taxes. where is that money going? it is not going toe us, the people that are subsidizing. we are paying morewzc because -s also unfair because=nk competitive advantage. we have![÷ macy's and neiman mas side-by-side where neiman- development and paid three times as much than macy's. o)Ñwhy is that fair? there on the block right across from each other? ç come to the closing statement. you are not registered to vote,f please do so right away and urge others that you know to register. juothe deadline is october 18, d you will need to register at your newkw. address a few have moved. you have one minute. !jç>> thank you for having me he tonight. i appreciate the wonderful work you do. swéwhen i took over the office,t eputation that the city. we have worked very hard every single day for the last

, the sooner not only those homeowners can be confident, it also means that other homeowners can be confident. it also means that our markets more broadly can be confident that the housing recovery we've begun to see is a stable one that will continue. so everyone's interest here is in getting to the bottom of this as quickly as possible and resolving it. >> lehrer: all right. mr. secretary, thank you very much. >> thank you. >> brown: we'll have more on the foreclosure situation coming up. with a report on a program to help homeowners get affordable mortgages. that's followed by britain's deep spending cuts; statehouse battles and the control of congress and the talks with the taliban. but first, the other news of the day here's hari sreenivasan in our newsroom. >> sreenivasan: wall street rebounded today from tuesday's big losses. a fall in the dollar's value encouraged buying of industrial and commodity shares. the dow jones industrial average gained 129 points to close near 11,108. the nasdaq rose 20 points to close at 2,457. in france, president nicolas sarkozy ordered riot police to cle

Ñi-it was a way to make sure tht the homeowner was never taxed. tax reasons.is very good. i'd think the jobless folks understood this. corporate tax loophole in the state history. burdenljw in terms of paying property taxes on commercial property owners to ho[á)p&e%ei i also see that here in san francisco,j÷ where they paid [unintelligible] over 40%. 6clwe have seen the greatest amt of commercial property developmentp0 -- aú;z few years, it didn't exist. the towers did not exist. "tñmission they did not exist. of those properties#yat were developed for commercial purposes were much smaller buildings. = boom of our time, how is it ossible if the population stayed flat? commercial property owners are now paying a ;sm- tax burden? >> there6n loopholes -- ó answer is, there are loopholes. 3t2they can hire and much better accountant than you or i can. béqthere is almost no way that a homeowner can escape reassessment because we want to get taken off of theq deep unles we want to give it to our children. Ñ property owners, f the corporation could stay the owner and

luckily, the spider recently had geico help him with homeowners insurance.ater completely destroyed his swedish foam mattress. he got full replacement. and now owns the sleep number bed. his sleep number is 25. call geico and see how much you could save on homeowners insurance. >>> another dancer is leaving the ballroom. >> margaret and louis. >> comedian margaret cho and her partner dance their final dance last night. if one woman said she was glad she took part in "dancing with " and hope she will reach a whole new art in spirit -- a whole new audience. >>> with healthy refreshments in token a large crowd of students, parents come and teachers want -- marched right down sligo avenue this morning. >> exercise is good for everyone. staying healthy and being healthy is a wonderful thing. >> there is traffic. i would not let him walk to school by his self because he would cross a couple of dangerous streets. this is our chance to do so. >> the walk wrapped up with some speeches from montgomery county executive ike leggett, anthony brown, and re less hood. 90%

for struggling homeowners -- thousands of foreclosures on hold -- news for struggling homeowners. >> i miss the small town. >> it is a homecoming, five years in the making. a group of seniors is only making the trip south. when will the rain go away? making the trip south. when will the rain go away? back my dad is the supervisor of a train station and my mom's a teacher. my dad's an auto technician. my mom's a receptionist. i'm not sure i would have been able to afford college without the tuition freeze. while tuition in other states is rising out of reach... governor o'malley made the tough choice to freeze tuition. he made my dream of going to college into a reality. i'm the first in my family to go to college. my brother and i never would have been able to afford college. even though times were tough... governor o'malley kept his promise. there's never a doubt... there's never a doubt whose side he's on. martin o'malley... moving maryland forward. come on in, and i'll give you a free quote. quote and compare in about 8 minutes. now, that's progressive. call or click today. >> tho

homeowner dave hector shot this video of the landslide that took another chunk of his property. his deck is now unstable and may be at risk of falling down the 100-foot bluff next to the chesapeake bay. >> we can offer to the homeowners to purchase their property. >> reporter: today maryland natural resources secretary john griffin told me that state and federal emergency management grants should be used to buy out the homes most at risk of going over the edge. >>> i'm bruce leshan at arlington national cemetery where a navy seals funeral was disrupted by a christian church that preaches hate for america. they have done it so many times now, counter protestors have figured out to how drown them out. op one side, three members of the westboro baptist church outside of arlington. on the other, a dozen members of a motorcycle club doing their best to silence them and block their view of the hearse carrying navy lieutenant brandon looney. >> the protestors don't belong here. this is a place for the family to mourn the loss of their son. >> on the supreme court website is a summary o

in the meantime, there reports pg&e is looking to buy out homeowners. today in the bay joins us live with what it means for people trying to rebuild. good morning. pa. >> pg&e offered to buy out homeowners could be an incredible opportunity if the offer comes with no strings attach and some say there definitely strings in the deal. since the september 9th blast, many of the people wondered how they could rebuild and how much equity they lose if they chose not to and tried to sell instead. eight people died and 37 families lost homes and 18 other homes were badly damaged. pg&e is offering to buy out homeowners who want to leave and a promise a $50,000 bonitous those who sell within six months. if the selling price is less than what the house was worth before, they will make up the difference. there is $50,000 for those who want to stay and rebuild so as that is complete within six months. they offer $10,000 for home inprovement such as painting the house. the attorney told the chronicle that the deal is really not specific enough. and could end up costin

the homeowner, who is white, displays the flag as a reminder of a heritage. her neighbors in the neighborhood call the flag offensive. >> to come in our community and have only been there three months and putting up a flag that symbolize slavery, it's causing us to regress instead of progress here in 2010. >> despite the march the homeowner will not remove the flag from her property. >>> trying resolve a cable tv fight that left millions of fans in the dark. news corp pulled programming friday night, leaving 3 million

one sign how desperate homeowners have become once again. people on the brink spent the day in line in los angeles where a community outreach program is trying to help homeowners talk to their banks. but how is it possible some of these banks don't read the documents? matt gutman is in tampa. >> reporter: officials at the big banks now admit they were signing thousands of foreclosures a day without actually looking at the details of any of the cases. tack a lack at these. abc news obtained a copy of multiple signatures attributed to this lawyer with the florida attorney general's office who moonlighted as a robo signer. in only 45 minutes aweek, she allegedly vetted 1,000 summary judgments to evict homeowners. this attorney was one of the first to discover thrash of irregularities. >> the industry got wild and out of control and it didn't follow the rules that had been in place for decades. >> reporter: tom wood is caught in the middle. a school teacher for 30 years, he poured his life savings into this modest condo. his lawyer claims his fo

there also reports that pg&e is looking to buy out the homeowners. chris sanchez joins us live with what this means for people who are trying to rebuild. >> any time tragedy strikes, the best way to help folks rebuild is to give them money. they are looking to buy out home ownerships who don't want to rebuild. those who respond quickly stand a $50,000 bonus. since the blast, many of the people wonder how they could rebuild and how much they would get if they chose to move instead. 87 families lost homes and 18 others were badly damaged. this offer to buy is the way that pg&e officials want to help people get back to normal as quickly as possible. to get the bonus of the $50,000, they have to sell within six months. if will selling price is less than what the house was worth, pg&e will pay the difference. the deal really is not specific enough for his liking and could end up costing the homeowners the right to sue in the future. the offer is not an offer to move the pipeline as many wanted to see. they will written questioning maintenance and how to m

engineers and contractors to real tores and homeowners and others so that they better understand this information and can make good decisions. and meaningful incentives, steps are involved at this time. the second is after that process has a chance to run for a few years, you begin nudging the market by some requirements. the fist level of requirements we would suggest is requiring an evaluation upon fail. much of this is already done under normal circumstances. people will liar a contract tor look at their buildings is to the see whether they are buying problems like a leaky roof or shortcomings. so this will add to that to look at the site performance of the building and add that bit part of the buyer orel constructor we would expect more and more retro fits to occur and there would be more experience and other people would want to retro fit their building as well. and the third step would be to require retro fitting upon sale. we know from experience, other programs statewide, but not everybody will retro fit if it's voluntary. so this begins now to make the retro fit mandatory. so

in only 45 minutes a week, she allegedly vetted 1,000 summary judgments to evict homeowners. attorney matt weidner was one of the first to discover thousands of irregularities. >> the industry got wild and out of control and it didn't follow the rules that had been in place for decades. >> reporter: tom wood is caught in the middle. a school teacher for 30 years, he poured his life savings into this modest condo. his lawyer claims his foreclosure should never have been processed but was approved by mistake by a "robosigner" from bank of america. >> when i got the information, i was totally shocked. i was, like, oh, no. >> reporter: you had been paying all along? >> yeah, yeah. >> reporter: it's at the core of why bank of america, jpmorgan chase and ally have halted foreclosures in 23 states as authorities try to figure out if thousands of homeowners were unfairly kicked out of their homes. and this foreclosure process is in such chaos that not only are people who should be in their homes getting evicted but some people are getting the opportunity to get their homes back. judg

Ñi-it was a way to make sure tht the homeowner was never taxed. tax reasons.that that reason ó%Ñis very good. i'd think the jobless folks understood this. corporate tax loophole in the state history. burdenljw in terms of paying property taxes on commercial property owners to ho[á)p&e%ei i also see that here in san francisco,j÷ where they paid [unintelligible] over 40%. 6

. >> ifill: then paul solman looks at what happens when a government program to help homeowners misses its mark. >> it's a nightmare, just ryiong to get a simple answer. >> brown: and binyamin appelbaum of the "new york times" has the latest on the investigation into the foreclosure mess. >> ifill: margaret warner delves into what we've learned about the iraq war from the latest trove of secret documents exposed by the web site wikileaks. >> brown: ray suarez previews his series of global health unit reports from mozambique. >> ifill: and producer/director judd apatow talks about his high success rate with low comedy. >> we're all kingd if idiot kids trying to act like we know what we're doing. >> ifill: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. al >> ifill: the cruci

is it enough to help save struggling homeowners. >>> and new home for people with brain cancer.ts show a new vaccine can help them live longer. >>> more teenagers are having sex as young as age 14. but they are practicing safer sex. that's according to a sweeping new survey of sexual behavior out today. new at 5:30, delia gonsalves tells us the conversation hazmatured beyond the birds and the bees. >> for jasmine gordan and maria davis started with sexual education and condoms. >> they passed them out when they know a lot of sexual activity is going on. >> reporter: according to a study by the center for sexual health, more african-american and hispanic men are using condoms. researchers credit hiv and aids out reach. but many contribute it to open discussion with your friends. >> the people i associate with, they say they use condoms. >> reporter: he said talking about sex isn't as shameful. >> the effects of not using a condom, especially in d.c., everybody knows the high hiv rate and it scares people. >> the study finds that 80% of young men between 14 and 17 are using condom

homeowners who agree to sell within six months will collect a $60,000 bonus. homeowners who want to rebuild within six months will also -- >> reporter: frank the most interesting portion of the hearing today at the capital did come from the victims of the san bruno explosion. several testified who said they want that pipeline gone from their neighborhood forever. what can be done to prevent another san bruno disaster. among the first to testify was morales. her daughter died in the fire. >> to me this is a huge loss. i can only hope and pray that we continue to find the right answers to make this right. >> reporter: san bruno's neighbors echoed neighbors who said they do not want that pipeline back in service. >> until that pipe is somehow moved to another location that can still service all the residents, all including all of san san francisco we're not going to be comfortable at all. >> not one single fine was issued between the years 2004 and 2009. how can that be? >> reporter: eight people were killed in the san bruno pipeline explosion which destroyed 37

it ensures the homeowner that this is a legitimate person. whoever you get they need to get a permit, we are working for you. and we want to see a copy of your license. you can call the contactor's board and check otlicense. if the contractor gets a permit we will do that for you, we check the license board and make sure their license is current and in good standing. >> in our reports oftentimes when buildings have gotten a building permit, it's noted on the right column it was never approved or inspected or whatever. that happens in the vast majority of the cases, why is that? >> a 3 r report is required to be presented to the buyer of any residential building in san francisco under this san francisco housing code. the 3 r report is a summary of all permits issued to that residential project we have a record of. if we did an inspection we say it's finaled or inspected or expired. we don't inspect roofs. we worked with the roofing. i don't know if you are part of this 15-20 years ago, we worked with the roofing industry to put a roofing permi

it is the latest thing that a homeowner facing foreclosure needs, someone take their last dime. it is happening on basis as desperate homeowners turn to a 'group to help you no get ripped off. c÷ help on 16 >> reporter: baltimore has the 35highiest foreclosures in the nation making it s]+ifertil ground of scammers looking to take from people. there is free help. >> scammers take your money and home. >> reporter: it is something over the next several months. ads telling struggling homeowners they need to look out for people trying to make a bad situation worse. mortgage scammers helped take advantage of people desperate y stayp>ahsin their h{# promising to get banks off their back f;!x in many cases they do nothing but take the money and run. >> we have death with thousands of people zrv?who are facing foreclosure. we are able to help quite a few of them many times they come to us having paid scammers up to $2500. sometimes mpmore and receive nothing. the baltimore area they get people looking banning together to stop foreclosure "as@÷scammers. baltimore is one of the top areas

but any ideas that would allow homeowners to get back on their feet quicker. >> advisory -- commissioner lee, thank you. the advisory committee has talked about that issue from time to time. part of it is it becomes sort of a jurisdictional issue for our project in that we're not really doing recovery -- there's a recovery effort within the city. the city administrator's office carries it out where many of these issues need to be addressed. but we have spoken about some of these different options, if you will. one was recommending to the city to make earthquake insurance mandatory. for certain classes of buildings. it sparked heated discussion. somebody said you can't do that. someone said, what's the difference if a state can require cars to have insurance why can't it require earthquake insurance as well? possibly so, but i think that's legislation. another issue in that multi-unit buildings -- multi-owner unit buildings have a difficult time dealing with damage whether it's fire or from an earthquake. the ownership has different interests, different timelines, different abilities to b

and announced early last year. >> and this will enable as many as 3 to 4 million homeowners to modify the terms of their mortgages to avoid foreclosure. >> reporter: under half, mortgage principal usually stays the same but the interest rate can be dropped to as low as 2%. the terms expend-- extended to as much as 40 years. the catch, if your payment still exceed -- 1% of income, you are denied. so far barely half a million americans have received permanent loan modifications, out of the millions the program was supposed to help. and the approval rate is now shrinking. no surprise if you listen to the folks we interviewed and we had plenty more to choose from. >> it's a nightmare. just trying to get a simple answer from these people. >> you call them at breakfast and by the time you reach somebody it's time for your midnight snack. >> i can easily understand how people just go bonkers. >> i wish you all the best. >> it amps to product banks that service mortgages by offering them $1,000 per loan modification. it may not be enough. >> we're at this now 16 months and our eligibility has

one other question, mister -- do you think we've done enough as far as educating the average joe homeowner out there to what's really going on here with caps? and what's in it for them? what it's going to cost them? >> no. i mean, we we have not. we have not as a caps project, we really don't have an outreach budget, if you will. i think that individuals within d.b.i. do a great job counseling people on a person person-by-person basis. when you look at the literature in terms of risk communication, what you find is that the people need a consistent message given over time from a number of different sources and sources they tend to rely on for good information. so that message then needs to come from, you know, not only the city and d.b.i. and the caps project, but it has to come from the red cross and the department of emergency management. it has to to come from the insurance industries and the hardware stores. and contractors who might go door-to-door and try to sell their services. i think there needs to be a campaign so people are fully informed, both in terms of what they face but als

. >> you've heard of banks foreclosing on homeowners, homeowners are foreclosing on banks. just ahead a special 7 on your side report. >> and there is lots of moisture around the bay area so, >> closed captioning brought to you by mancini sleepworld. >>> do you owe more on the mortgage than your house is worth? there is another option. it's a moral dilemma for many. and michael finney has been looking into what is called strategic default. >> correct. that is when the homeowner allows the home to be foreclosed upon. it's an option getting a lot of scrutiny these days. peter is packing up and moving on. >> i'm very sad about this place. this situation. logic, it would be absurd to continue ton this death spiral. >> he has nonpay the mortgage but decided against it. >> staying here for me would have been equivalent of financial suicide. >> it's called strategic default wh. a homeowner allows the home to be foreclosed upon because it's worth less than they owe. >> their comfort in numbers. >> the attorney chad gruel has a web site that has a default calculator and offers help